Filmmaker and entrepreneur Tyler Perry is a billionaire. His Atlanta studios receive massive tax write-offs, premised on the idea that his success will inspire others. If that sounds familiar, it’s because it’s a liberal version of trickle-down economics.
It doesn’t work because, as pointed out by another commenter, wealth does not “trickle down”. It only accumulates. This has been demonstrated to be a basic function of wealth and the minute you begin to think about it, it becomes obvious that having more resources makes it easier to gather more resources.
It doesn’t work because, as pointed out by another commenter, wealth does not “trickle down”. It only accumulates. This has been demonstrated to be a basic function of wealth and the minute you begin to think about it, it becomes obvious that having more resources makes it easier to gather more resources.